Sales Law September 29, 2009 Winn

Sales Law September 29 Reading estimate for Thursday 10/1 – Chapter 2, p. 40 and problems 2-1 to 2-4 Gallagher Law Library Guides – UCC – Contract Drafting Internet access to EDGAR contracts: – – CALI Why will revised Article 2 never be adopted? Revised 1-105/1-301 Choice of Law – Purposive interpretation Compare intellectual property transactions to tangible goods transactions

IPR versus Sales Law Early modern history: commerce versus real property – Free alienability of property won over restrictions Recent history: IPR in narrow economic sectors – Article 2: goods versus services a bigger problem – Publishing, industrial manufacturing – Balance social interest in promoting progress of science & useful arts with incentives to invent Now: IPR everywhere – All rights not transferred are reserved—scope of license not to sue is limited to what owner chooses to grant – Acceleration of innovation, expansion of IPR mean it is everywhere